Eligibility Calculator

Home Loan Eligibility Calculator

While applying for a home loan, the first question that appears in one’s mind is “How much loan I can get on my salary”? This is followed by other critical questions like-

“What will be my E.M.I?”

“How much time do I need to repay my loans?”

“What would be the documentation?”

You can quickly arrive at an EMI amount using IIFL Home Loan EMI calculator where all you check what will be the EMI if you take a specific loan amount at say “x%” interest for 20,25 or 30 years. However, to estimate how much loan amount you can get given your monthly income and other parameters like other EMIs, you must try IIFL Home Loan Eligibility Calculator

The U.S.P of this home loan eligibility calculator is that it saves lots of time and provides more accurate results. Users need to provide few basic personal details such as PAN Card No, Date of Birth and professional details like organization’s name, income status and job tenure for computing eligibility. Once the details are filled in, the result is reflected within seconds.

Eligibility Criteria:

Indian citizen

Within age band of 18 to 70

Salaried or self-employed

Co-applicants can be your spouse, close relatives, partnership firms, and private limited company.

TIP: Applying for a joint loan or a loan with a co-applicant will help increase your loan eligibility value and enable you to quickly get approval.